Is Indigo credit card secured or unsecured?
What kind of credit card is Indigo
unsecured cards
The Indigo credit card is among a handful of products — including the Milestone card and Destiny card — serviced by Genesis Financial Solutions and targeting those with bad credit. All are unsecured cards, meaning they don't require an upfront security deposit, but they do charge expensive fees.
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What is the starting limit for Indigo Mastercard
$300
The Indigo Credit Card credit limit is $300. This is a standard starting credit limit for an unsecured credit card for people with bad credit.
What credit score do you need to get an Indigo card
between 300 and 579
The Indigo Mastercard is designed for applicants with poor credit (which Experian, one of the three credit bureaus, defines as having a credit score of between 300 and 579) who want to build or rebuild their credit history (the card's transactions are shared with those agencies).
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Can Indigo credit card be used anywhere
Yes, you can use the Indigo® Mastercard® for Less than Perfect Credit anywhere that accepts cards on the Mastercard network. That means you can use the Indigo Credit Card at 10.7 million U.S. merchant locations in the U.S., as well as with millions more merchants across 210 countries and territories worldwide.
What is the highest limit on Indigo credit card
$300
The maximum credit limit for the Indigo Mastercard is $300. This credit limit is not the most competitive and is not subject to an increase, like some other credit cards for limited or bad credit.
What is Indigo over limit coverage
Over-the-limit coverage will allow you to exceed your card's credit limit by up to 10% of your credit line. The over-the-limit fee is up to $25 per billing cycle and is charged only if your account is over the limit at the time your monthly statement closes.
What is the highest limit on Indigo card
$300
The maximum credit limit for the Indigo Mastercard is $300. This credit limit is not the most competitive and is not subject to an increase, like some other credit cards for limited or bad credit.
Does Indigo Mastercard do a hard pull
"Soft Check" Prequalification Process
Each time you apply for a credit card, you are making a “hard” inquiry on a card which could affect your score. With the pre-qualification process that the Indigo unsecured Mastercard offers, the issuer takes a look at your eligibility first using a “soft” inquiry.
What is the highest credit limit for Indigo
$300
The maximum credit limit for the Indigo Mastercard is $300. This credit limit is not the most competitive and is not subject to an increase, like some other credit cards for limited or bad credit.
Is it easy to get a Indigo credit card
To get the Indigo Credit Card you need a credit score between 300 to 639, meaning you can get this card even if you have bad credit. The Indigo Card is designed to help people improve their credit score, so it has easy approval requirements and it reports to all three major credit bureaus.
Can I go over the limit with Indigo credit card
They will only charge you one over-limit fee per billing cycle, even if you go over your credit limit multiple times in the same billing cycle. The over-limit fee is $28 if you were not charged an over-limit fee during any of the prior six billing cycles. Otherwise, the over-limit fee is $39.
How much does Indigo go over the limit
For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company. The Indigo Credit Card over limit fee is up to $40.
Can you have 2 Indigo credit cards
Can I open more than one account You may only open one Indigo Mastercard account at this time.
Is a 300 credit limit bad
Average credit: If you have fair credit, expect a credit limit of around $300 to $500. Poor credit: Credit limits between $100 and $300 are common for people with poor credit scores. This is because people with bad credit are considered at high risk for defaulting, or not paying back their balance.
What is Overlimit coverage for Indigo credit card
Over-the-limit coverage will allow you to exceed your card's credit limit by up to 10% of your credit line. The over-the-limit fee is up to $25 per billing cycle and is charged only if your account is over the limit at the time your monthly statement closes.
How much should I use at the $2000 credit limit
According to the Consumer Financial Protection Bureau, experts recommend keeping your credit utilization below 30% of your available credit. So if your only line of credit is a credit card with a $2,000 limit, that would mean keeping your balance below $600.
How much should I spend on $300 credit limit
You should try to spend $90 or less on a credit card with a $300 limit, then pay the bill in full by the due date. The rule of thumb is to keep your credit utilization ratio below 30%, and credit utilization is calculated by dividing your statement balance by your credit limit and multiplying by 100.
How much can is use over limit on a credit card
Any approved transactions above your credit limit are subject to over-the-limit (or over-limit) fees. This credit card fee is typically up to $35, but it can't be greater than the amount you spend over your limit. So if you spend $20 over your limit, the fee can't exceed $20.
Can you spend above your credit limit
For starters, credit card issuers are only allowed to charge over-limit fees to cardholders who have opted in to over-limit protection plans. If you did not sign up for over-limit protection, you won't be charged any over-limit fees — but you also won't be able to spend over your credit card limit.
What credit limit can I get with a 750 credit score
The credit limit you can get with a 750 credit score is likely in the $1,000-$15,000 range, but a higher limit is possible. The reason for the big range is that credit limits aren't solely determined by your credit score.